{"id":290,"date":"2024-07-24T04:53:06","date_gmt":"2024-07-24T04:53:06","guid":{"rendered":"https:\/\/growup-india.com\/blog\/?p=290"},"modified":"2024-07-26T04:02:35","modified_gmt":"2024-07-26T04:02:35","slug":"indias-union-budget-2024-25-a-comprehensive-overview-of-fiscal-policies-and-economic-reforms","status":"publish","type":"post","link":"https:\/\/growup-india.com\/blog\/indias-union-budget-2024-25-a-comprehensive-overview-of-fiscal-policies-and-economic-reforms\/","title":{"rendered":"India\u2019s Union Budget 2024-25: A Comprehensive Overview of Fiscal Policies and Economic Reforms"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Nirmala Sitharaman, India&#8217;s Finance Minister, presented the Union Budget 2024\u201325, which includes a number of important highlights and initiatives aimed at encouraging economic growth and inclusion. Here are the central matters:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reduced Fiscal Deficit: According to Live Mint, the government intends to reduce its fiscal deficit from 4.9 percent of GDP in FY25 to 4.5 percent in FY26. Taxation: There were no new tax rates proposed. A number of investments and startup tax breaks have been extended. Many taxpayers will gain from the government&#8217;s announcement of the withdrawal of outstanding direct tax demands up to a certain amount <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under PMAY 2.0, a significant amount of money has been invested in urban housing and the Pradhan Mantri Awas Yojana (PMAY) has been expanded to include an additional 3 crore houses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A significant venture of \u20b910 lakh crore has been dispensed for metropolitan lodging, exhibiting the public authority&#8217;s obligation to tending to metropolitan lodging needs <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Know More: <a href=\"https:\/\/growup-india.com\/blog\/2024\/07\/20\/union-budget-govt-to-strike-a-balance-between-fiscal-deficit-capex-for-growth-social-spending\/\">Union Budget: Govt to strike a balance between fiscal deficit, capex for growth, social spending<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MSME Assistance:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MSMEs now have access to a comprehensive financial and technology support package.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Public-Private Partnership (PPP) model will be used to establish E-Commerce Export Hubs to assist MSMEs in international product marketing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A brand-new credit guarantee program with coverage of up to 100 crore for manufacturing micro, small, and medium-sized enterprises (MSMEs) <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Loans of up to 7.5 lakh are now possible under a revised skilling loan program<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Click Here:- <a href=\"https:\/\/growup-india.com\/blog\/2024\/07\/23\/a-complete-guide-to-society-registration-in-haryana\/\">A Complete Guide to Society Registration in Haryana<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government&#8217;s focus on inclusive growth, infrastructure development, digital advancement, and fiscal prudence are reflected in these measures. You can look to Livemint and the Press Information Bureau for more in-depth information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nirmala Sitharaman, India&#8217;s Finance Minister, presented the Union Budget 2024\u201325, which includes a number of important highlights and initiatives aimed at encouraging economic growth and inclusion. Here are the central matters: Reduced Fiscal Deficit: According to Live Mint, the government intends to reduce its fiscal deficit from 4.9 percent of GDP in FY25 to 4.5 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